A phase 1 exploration program is now being planned to test both claim blocks throughout the active 2022 season.
Brussels Creek Property
The Brussels Creek property is located in the Kamloops Mining Division. It’s positioned approximately 10 km west of the currently producing New Afton Copper-Gold Mine and exhibits a similar geological setting. In March 2020, a helicopter-borne magnetometer survey was completed by Precision GeoSurveys Inc of Langley, BC. The survey coverage totaled 402.651 line kilometers, with an interpretation report completed in April 2020 by Kit Campbell of Campbell and Walker Geophysics Ltd, North Vancouver, BC (Campbell, 2020).
2021 Program Highlights
- Completion of Quantec Titan 120 DCIP induced polarization survey totaling 10.9 line kilometers. Preliminary interpretation indicates the presence of multiple anomalies;
- Completion of preliminary mapping and sampling program, to provide a geological baseline for further work;
- Submission of a Notice of Work for a drilling program, comprising up to 10 diamond drill holes and up to 2000 meters;
- Detailed interpretation of the DCIP survey underway by Campbell and Walker Geophysics.
More Key Project Details Here.
And as I mentioned above, RECHF has several potential catalysts to know right now. Check them out:
No. 1 RECHF Potential Catalyst - Possible Volatility From Having A Low Float
According to the Yahoo Finance website, RECHF has a relatively low float.
The website reports this profile to have approximately 27.79Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could more 2022 positive company news help provide a near term spark?
No. 2 RECHF Potential Catalyst - Key Technicals Are Bullish Across Short & Medium Term (Plus A Couple Oversold Technicals To Watch)
I'm telling you right now... Don't discount RECHF's technical indicators.
At close on Tuesday, RECHF was displaying several triggered technical indicators across the short and medium term.
Barchart was reporting these technical indicators as triggered:
Short Term Indicators
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Not only that, but as of close on Tuesday, RECHF was displaying multiple oversold technicals after a slight pullback.
With 9-Day and 14-Day Relative Strength Indices now below 40%, a 14-Day Raw Stochastic below 10%, and a 14-Day Williams %R above 90%, a potential bounce/reversal could be right around the corner.
Keep a close eye on all these technical indicators this week.
No. 3 RECHF Potential Catalyst - Company Announces Game-Changing Spin-out Of Pinchi Nickel Project
Recharge Resources Announces Intention To Spin-out Pinchi Nickel Project To Create A New Public Company "Nextcharge Metals" Owned By Existing Recharge Shareholders
Vancouver, BC, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) announces plans to transfer its 100% owned Pinchi Lake Nickel Project, located approximately 15 to 30 km northwest of Fort St. James and 120 km northwest of Prince George in central British Columbia, to a new subsidiary ("SpinCo" or “NextCharge”), provide funding to SpinCo, then spin-out the shares of SpinCo ("SpinCo Shares") to Recharge's shareholders of record on a 1 for 3 basis. Recharge's shareholders would end up owning shares in both Recharge and SpinCo in these proposed proportions.
Recharge is targeting December 5th, 2022 as the effective date of the proposed spin-out whereby shareholders of record on that date will receive shares in the new SpinCo. The name NextCharge Battery Metals Corp. has been reserved for SpinCo. The Company has secured the website (www.nextchargemetals.com) and has commenced construction of the proposed NextCharge website.
CEO David Greenway, states: "With a fully-funded drill program at Brussels Creek currently awaiting permits as well as an off-take LOI in place for lithium supply, a technology licence for a multi-phase build out of a 20,000 tonne per year EkosolveTM lithium extraction operation and a fully-funded 2022 drill program underway for a production diameter well at the Pocitos 1 Lithium Brine Project, we see this as the perfect opp. to unlock value for in-vest-ors by spinning out the fully qualified Pinchi Lake Nickel Project, into a separate, discovery-oriented public company.”
Read the full article here.
No. 4 RECHF Potential Catalyst - Current Drilling At Pocitos 1 Could Be Pivotal Moment
Recharge Resources Drilling Under Way at Pocitos 1 Lithium Brine Project
VANCOUVER, British Columbia, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce it has commenced drilling this past Saturday after the Company received final approvals from Argentina’s Department of Mines, mining court for the Company’s drilling for exploration and production diameter well at its “Pocitos 1” Salar Lithium Brine Project in Salta, Argentina.
Drilling will be ongoing for approximately 10 days. Upon completion of drilling, the HQ diameter well a rotary production rig will reem out the HQ to 20cm diameter well. Samples will be sent to two laboratories for QA/QC and 200L to Ekosolve to extract the lithium from the brine. During that time, flow testing will take place for 1-5 days and then over a 30 day period.
Recharge team members were on site at Pocitos 1 Project to see drill rigs arrive for the funded 400-meter exploration and then production diameter well to confirm flow rates, lithium content and continuity of lithium brines flow delineated during previous drill campaigns toward the establishment of a NI 43-101 compliant resource and scoping studies for the development of up to 20,000 tonne per year Ekosolve™ production facility.
The high flow rate was encountered in both holes drilled in 2018. This high flow rate is expected to result in reduced operational costs in a reduction of pumps required, as well as ensuring the columns have sufficient brine with the Ekosolve™ extraction methodology contemplated for the Pocitos 1 project.
Phil Thomas, QP and consulting geologist to Recharge, commented: “I am thrilled to be back at the Pocitos Project again. Being on this project for the discovery wells in 2018, which saw exceptional flow rates, and now acting as QP to Recharge as they embark on this production ready well program is the follow through on what I envisioned for Pocitos 1, working towards a NI 43-101 mineral resource. This is truly a pivotal time for Recharge and the Pocitos 1 Project.”
CEO and director, David Greenway states, “With final approvals in place and drilling underway, we couldn’t be more excited for this monumental moment in time for the company at the Pocitos 1 Lithium Brine Project. With two existing discovery drill holes in place from 2018, this new drilling campaign will contribute to establishing a NI 43-101 mineral resource estimate. We continue to thank all those that have assisted us in bringing this project to this stage and look forward to continuing the path forward to the benefit of all stakeholders including the community of Pocitos, stakeholders of Recharge Resources and our growing team in Australia, Argentina, the USA and Canada.”
Read the full article here.
No. 5 RECHF Potential Catalyst - LOI To Supply Up To 20,000 Tonnes Of Lithium Annually
Recharge Resources Exectures Offtake Letter Of Intent To Supply Between 10,000 And 20,000 Tonnes Of Lithium With Richlink Capital Pty Ltd
Vancouver, BC, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) ) is pleased to announce the Company has executed a Letter of Intent (the “LOI”) with Richlink Capital Pty Ltd. (“Richlink”) for the supply of a minimum of 10,000 up to 20,000 tonnes annually of lithium chloride or, at Richlink’s discretion, lithium carbonate to two of their clients in China (the “Proposed Supply Transaction”) from the Pocitos 1 Lithium Brine Project in Salta, Argentina where the Company is about to embark on a production ready well drill program.
Richlink and its clients will contract to purchase a minimum of 10,000 tonnes up to 20,000 tonnes of lithium chloride salt offered that is 99.5% purity grade or higher once the Pocitos 1 Ekosolve Facility is fully commissioned near the town of Pocitos. The lithium chloride will be sold from the port in Antofagasta, Chile.
After Recharge’s drill program is completed, the Company will immediately embark on a resource and reserve statement and then complete a bankable feasibility study in conjunction with EkoSolve.
Once the product is produced it will be packed in 25kg bags and sent via container truck to Antofagasta, Chile and secured in the bond store prior to shipment. Approximately 27 tonnes will be packed into each 40-foot container, and approximately 93 containers are expected to be shipped out each quarter to China until the contract is fulfilled.
CEO and director, David Greenway states, "With two exploratory discovery wells in place, Recharge is about to commence its 2022 fully-funded drill program for a production ready well at the Pocitos 1 Lithium Brine Project. We are honoured to be working with Mr. George Su and his clients at Richlink Capital Pty Ltd. Confirming offtake interests and strategic fi-nan-cing for an Ekosolve™ production facility are top priorities at the advanced stage Pocitos 1 Lithium Brine Project..."
Read the full article here.
RECHF Recap - The Key Potential Breakout Catalysts To Know
No. 1 - Possible Volatility From Having A Low Float
No. 2 - Key Technicals Are Bullish Across Short & Medium Term (Plus A Couple Oversold Technicals To Watch)
No. 3 - Company Announces Game-Changing Spin-out Of Pinchi Nickel Project
No. 4 - Current Drilling At Pocitos 1 Could Be Pivotal Moment
No. 5 - LOI To Supply Up To 20,000 Tonnes Of Lithium Annually
Coverage is officially initiated on RECHF. When time permits, do this: